Certificate Program on Advanced Treasury

and Foreign Exchange Risk Management


To provide the participants a deep understanding of:

  • What is Foreign Exchange? What does Forex Market mean and its nature? Participants in Forex Markets and their roles in the market.
  • Trading in Foreign Exchange and Rates Conventions. Role of Forex Brokers in trading.
  • Forex Treasury, its structure and Role in Banks.
  • NOSTRO accounts, Remittances and SWIFT mechanism, Funding of NOSTRO accounts, Exchange and Account Positions.
  • Risks associated with Fore Trading and how to manage the risks.
  • Introduction to Derivatives and how the work in real life. [Options, Futures, Forwards, SWAPS etc].
  • Day 1 & 2
  • Overview of Fixed Income (FI) Debt and Money Markets
  • Bond Mathematics and Trading Strategies
  • Interest Rate Derivatives
  • FX Market Terminology
  • FX Market Operations
  • FX Mathematics and Derivatives
  • Integrated Treasury Operations and Their Benefits
  • Exercises, Examples and Calculations— FX & FI
  • Effect of Macroeconomic Factors on Financial Markets
  • Simulated Trading Exercises in Domestic & Foreign Exchange Markets

  • Day 3 & 4

    1. Overview of Foreign Exchange Markets

  • Cash & Spot Exchange
  • Eurocurrency Markets
  • Market Players, Inter bank ,Corporates
  • Mechanism of making a foreign payment
  • Forex and Interest Rate markets

  • 2. FEMA Regulations

  • Factors affecting Exchange Rates

  • 3. Trading in Foreign Exchange Markets

  • Trading Procedure
  • Management of International Trade Transaction
  • Information Analysis for Trading
  • Speculation
  • International Transactions Financing
  • Concept of Volatility in Forex Markets

  • 4. Forecasting Exchange Rates

  • Various theories of forecasting
  • Drawbacks associated with these theories
  • Technical Analysis
  • Real-time example

  • 5. Foreign Exchange Risks

  • Types of Risks & exposures for corporates, exports, imports, borrowing, competitions
  • Measurement and quantifying of Risks

  • 6. Value at Risk (VaR)

  • Introduction to VaR
  • Application of VaR in Forex Markets

  • 7. Tools of Risk Management

  • Forward/Futures/Swaps/FRA
  • Options
    •      • Types of options like range notes, spreads, knock-ins/outs/digital/barrier, leveraged etc
    •      • Risk Return and Hedging Profile
  • Product Structuring
  • Actual illustration

  • 8. Hedging in Forex Market

  • Hedging through Forward/Futures/Options/Swaps
  • Pricing of Options/Swaps/Forwards
  • Factors affecting pricing
  • Understanding trade logic by forecasting factors affecting pricing

  • 9. Case Study

  • Where Corporate Treasuries have failed using FX derivatives

  • Practical structures used by Indian and International corporates (Making sense out of theories and various structures)

    Participants attending the entire course shall be eligible to receive Participation Certificate from the BSE Institute Ltd.

    Corporate Executives, Banks, Treasury Managers, Insurance Companies, New/recently-appointed NOs, financial crime and risk officers, Capital Market Intermediaries. Students and Investors.

    4 Full Days
    10.00 am. to 5.30 pm

    Rs. 12,000.00 + Applicable Taxes per participant inclusive of tuition fees, reference material and (morning / evening) refreshments only.

    For further details regarding contents,
    E-mail: training@bseindia.com